Profile of the Bank

The Meghalaya Cooperative Apex Bank Limited. (MCAB) was established in 1971, with the formation of Meghalaya State after bifurcation of the erstwhile Assam State. Since then the Bank has developed and expanded its activities/operations and has grown in manifolds. MCAB commenced Banking operations with just two branches – one at Shillong and the other at Tura. Today, the Bank has a wide network of 49 branches, spread throughout the State providing effective banking products and other related services to the general public.The MCAB being a house hold name in Meghalaya & as a pioneer in Banking in Meghalaya, has taken banking to the doorsteps of the people of the State and has been able to nurture and develop banking habits among the people. This has changed the saving habit of people from the traditional methods to the modern banking facilities to earn remunerative returns for their savings invested with the Bank and utilize various attractive and innovative banking products offered by MCAB.The Bank has provided Debt Relief to more than 54000 farmers amounting to Rs.9.81 crores under the ‘Agricultural and Rural Debt Relief Scheme’ 1990 sponsored by the Govt. of Meghalaya and made them Debt Free & re-eligible to avail loans and advances from the MCAB.